Tren Griffin+ Your Authors @trengriffin I work for Microsoft. Previously I was a partner at Eagle River, a private equity firm established by Craig McCaw. I am on the board of directors of Kymeta. Aug. 05, 2019 1 min read + Your Authors

Simba: "What do you do when Wildebeasts are stampeding taking the market down?"

Mufasa's Ghost in the Sky: "You have forgotten you calibrated risk by holding a big slug of cash and cash equivalents. Look for bargains based on intrinsic value. Hamburgers are being put on sale."

Simba: "When do I buy?"

Mufasa: "You've forgotten about discounting cash flow. Don't join a stampede of wildebeests who have reached the third degree where they devote their time to anticipating what average opinion expects the average opinion to be."

Simba: "Beauty contest?"

Mufasa: "An investor’s time is better spent trying to gain a knowledge advantage regarding ‘the knowable’: industries, companies and securities. The more micro your focus, the greater the likelihood you can learn things others don’t.”

Simba:"Mr Market is bipolar. ⭕️ of life!"

Scar: "Sell-side analysts said today that they have sympathy with some of the tactical market concerns."

Mufasa: "What does that even mean? It's like raising a Beyond Meat target by 40% with a neutral rating issued today. Where's the beef? Investors buy a share of a business."


You can follow @trengriffin.



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